Device Authority Secures $2 Million in Series A
Device Authority, a Reading, England-based provider of identity and access management for Enterprise IoT ecosystems, secured an additional $2 million in Series A funding.
Device Authority, a Reading, England-based provider of identity and access management for Enterprise IoT ecosystems, secured an additional $2 million in Series A funding.
SaaS Investors
The investment was from Prelude, Mercato Partners' venture practice.
Founded in 2014, Prelude stands as the early-stage investment division of Mercato Partners, based in Salt Lake City, Utah. Prelude is committed to forging strong partnerships and amplifying the ambitions of visionary founders in the domains of cybersecurity, artificial intelligence, and enterprise B2B software.
Device Authority Use of Funds
The company aims to use the funding to continue to advance its solution and grow its presence in North America.
About Device Authority
Founded in 2003, Device Authority is a developer of identity and access management platforms created to address the challenges of securing the Internet of Things (IOTs). Its platform offers automated device provisioning, authentication, credential management, policy-based end-to-end data security, and encryption. Device Authority’s KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) allow organizations to reduce human error and accelerate incident response, minimizing risk, ensuring complete device and data trust, and enabling trusted AI in any connected environment.
Funding Details
Company: Device Authority Ltd
Raised: $2.0M
Round: Series A
Funding Month: February 2023
Lead Investors: Prelude
Additional Investors:
Company Website: https://www.deviceauthority.com/
Software Category: Identity and Access Management
